Airbnb (NASDAQ:ABNB) Upgraded by Rosenblatt Securities to Strong-Buy Rating

Airbnb (NASDAQ:ABNB) was upgraded by research analysts at Rosenblatt Securities to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other analysts have also commented on the company. KeyCorp reiterated a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Scotiabank began coverage on shares of Airbnb in a research report on Monday, May 4th. They set an “outperform” rating for the company. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Canaccord Genuity Group set a $200.00 target price on shares of Airbnb in a report on Friday, August 7th. Finally, Evercore set a $200.00 price target on shares of Airbnb in a report on Monday, August 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.07.

Airbnb Trading Down 0.4%

Shares of Airbnb stock opened at $182.54 on Monday. The company has a market capitalization of $109.30 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. The stock has a fifty day simple moving average of $160.66 and a 200 day simple moving average of $142.77. Airbnb has a 12-month low of $110.81 and a 12-month high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that Airbnb will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the completion of the sale, the director owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 200,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.79, for a total value of $34,958,000.00. Following the sale, the chief executive officer directly owned 10,501,685 shares of the company’s stock, valued at approximately $1,835,589,521.15. This trade represents a 1.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,406,212 shares of company stock worth $390,698,195 in the last ninety days. 27.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC increased its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Meeder Asset Management Inc. increased its holdings in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Sunbelt Securities Inc. raised its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $27,000. 80.76% of the stock is currently owned by institutional investors.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $220 price target, implying roughly 20.5% upside from the referenced share price. The bullish view adds to positive analyst sentiment around Airbnb’s growth outlook. Rosenblatt initiates Airbnb coverage with Buy rating and $220 target
• Positive Sentiment: D.A. Davidson raised its target from $175 to $220 and reiterated Buy. The firm cited rapid growth in Airbnb Experiences and a partnership with Viator, while tracked Experiences listings increased 30% across several cities over three months. D.A. Davidson raises Airbnb price target on Experiences growth
• Positive Sentiment: Analysts are increasingly optimistic about Airbnb’s newer growth businesses, including Experiences and artificial-intelligence initiatives, arguing these businesses could reduce the company’s growth “overhang” and support a broader long-term expansion story. Analyst sees Airbnb growth businesses gaining momentum
• Neutral Sentiment: Airbnb may be offering selected U.S. hosts lower fees to attract more guests. The strategy could improve platform demand and host supply, but it may also pressure near-term take rates and margins. Airbnb reportedly offers lower fees to select U.S. hosts
• Negative Sentiment: Profit-taking is a near-term risk. Airbnb shares have risen about 21%–25% over the past month and roughly 42% year to date, leaving the stock above previous analyst targets and increasing concerns that expectations and valuation are stretched. Airbnb rally prompts buy-or-sell debate
• Negative Sentiment: An insider sold approximately $3.75 million of Airbnb stock, which can weigh on sentiment, although the sale does not necessarily indicate a change in the company’s fundamentals. Airbnb insider stock sale

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.